[LINK] Bitcoin .. ATO's draft guidance

Tom Worthington tom.worthington at tomw.net.au
Mon Aug 25 01:27:57 AEST 2014

On 21/08/14 23:57, Frank O'Connor wrote:

> ... Bitcoin and its competitors ... I look at them basically as a
> currency stockmarket or bookmaker who deals in money movements ...

An Australian dollar is not much different to a Bitcoin: it is only 
worth whatever someone will exchange it for.

> What will it do that conventional currency and financial products
> will not do ...

Apparently there is a Bitcoin ATM somewhere in the Canberra Center. I 
went looking for it, but could not find it: 

> And no government in their right mind is going to accord them the
> status of a legal 'currency'. That power they will always prefer to
> keep to themselves. ...

Governments are not the only ones issuing currency. Private banks issue
their own banknotes in Scotland and Northern Ireland:

Tom Worthington FACS CP, TomW Communications Pty Ltd. t: 0419496150
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